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Sachin bansal and Binny bansal
1.Sachin Bansal was born on
August 5, 1981.Chandigarh, the
capital city of Haryana.
2.He graduated from
the Indian Institute of
Technology Delhi with a degree
in computer engineering.
3.Senior Software
Engineer (January 2006 –
September 2007) on project
Flexible Payments atAmazon
Web Services.
1.Binny Bansal is from
Chandigarh and has
graduated from the Indian
Institute of Technology
Delhi with a degree in
Computer Science and
Engineering.
2.Before co-founding
Flipkart, Binny was
previously employed with
Amazon after getting
rejected by Google twice
Idea generation
 The invention of flipkart was not accidental and nor
was preplanned.It was just a result of the bad quality
service provided by the other competitors in the
market that inspired to do something better. They
made up their mind to provide better service to
people than their contemporaries with respect to the
market and they aimed high to focus on customer
service. With these intentions and immense
perseverance they made up to the top positions in
the market in terms of e-commerce.
Funding
• Initially funded by the Bansals themselves with 4 Lakhs(INR).
• Flipkart has since then raised two rounds of funding from venture
capital funds Accel India (in 2009) and Tiger Global Management (up
to the tune of US$10 million) (in 2010).
• Private equity firms Carlyle and General Atlantic are in talks to jointly
invest about $150 million to $200 million in Flipkart, according to
sources.
1.Good opportunity in the market around e-
commerce.
2.They started flipkart.com because they
themselves felt the need for a good online book
store.
3.E-commerce sector is one of the toughest to
get into in India. They believe that they can
make a difference here. They wanted to create
something which has a long lasting value and
which we can be proud of.
Why did they choose to be an Entrepreneur…?
Why flipkart???????????
1.An attractive neutral name
2.They were looking at names that did not
just speak of books alone, but one that
could suit any category of Products that
we may add in future.
3.Also, they wanted to have a catchy name
with high recall potential.
Flipkart could in simple terms mean
‘Flipping things into your Kart’.
Problems faced by sachin and binnary bansal
 Back at the time when Flipkart was launched, any e-
commerce company faced two major difficulties. One
was the problem of online payment gateways. Not
many people preferred online payment and the
gateways were not easy to set up. Flipkart tackled
this problem by introducing cash on delivery and
payment by card on delivery in addition to others.
Flipkart was the first to implement the popular ‘Cash
On Delivery’ facility, which every online shopping
website in India offers as an option today.
 The second problem was the entire supply chain
system. Delivering goods on time is one of the most
important factor that determines the success of an
ecommerce company. Flipkart addressed this issue
by launching their own supply chain management
system to deliver orders in a timely fashion.
 Today as it stands, Sachin Bansal is the Chairman
of the company and Binny Bansal is the CEO of
Flipkart.
Growth trajectory of Flipkart and Their
accomplishments
 This online megastore started its way in the year
2007 and within six months reached at the topmost
position. It grew over ten times over the past years
and has said to be have touched more than Rs 100
crore mark by March 2011. The success story of
Flipkart goes on and on. They have been named
as top 25 startups of 2009 and were nominated
for the Ernst and Young award for the best
entrepreneur 2010 and have won many awards for
their commendable work they did and are doing.
 It was a 10,000-a-month allowance from their parents for
almost 18 months that helped Sachin Bansal
and Binny Bansal launch an e-commerce website retailing
books in October 2007. Today, the near-20% stake they hold,
along with the top management, in Flipkart is valued at
almost Rs 2,000 crore.
 Sachin Bansal, the chief executive of Bangalore-based
Flipkart, says he has a knack for underestimation. That is
exactly what happened in March 2011 when he and Binny
Bansal, who are not related to each other, announced they
would reach the $1-billion (Rs 6,100-crore) sales mark in
2015. Last week, the site, which now sells everything from
books to electronics, apparel and jewellery, reached the
milestone, a full year ahead of the target.
Qualities
 A bold risk-taker
 Creative
 Knowledgeable and educated
 Leadership quality
 True towards work

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presentation on flipkart CEO

  • 1. Sachin bansal and Binny bansal
  • 2. 1.Sachin Bansal was born on August 5, 1981.Chandigarh, the capital city of Haryana. 2.He graduated from the Indian Institute of Technology Delhi with a degree in computer engineering. 3.Senior Software Engineer (January 2006 – September 2007) on project Flexible Payments atAmazon Web Services.
  • 3. 1.Binny Bansal is from Chandigarh and has graduated from the Indian Institute of Technology Delhi with a degree in Computer Science and Engineering. 2.Before co-founding Flipkart, Binny was previously employed with Amazon after getting rejected by Google twice
  • 4. Idea generation  The invention of flipkart was not accidental and nor was preplanned.It was just a result of the bad quality service provided by the other competitors in the market that inspired to do something better. They made up their mind to provide better service to people than their contemporaries with respect to the market and they aimed high to focus on customer service. With these intentions and immense perseverance they made up to the top positions in the market in terms of e-commerce.
  • 5. Funding • Initially funded by the Bansals themselves with 4 Lakhs(INR). • Flipkart has since then raised two rounds of funding from venture capital funds Accel India (in 2009) and Tiger Global Management (up to the tune of US$10 million) (in 2010). • Private equity firms Carlyle and General Atlantic are in talks to jointly invest about $150 million to $200 million in Flipkart, according to sources.
  • 6. 1.Good opportunity in the market around e- commerce. 2.They started flipkart.com because they themselves felt the need for a good online book store. 3.E-commerce sector is one of the toughest to get into in India. They believe that they can make a difference here. They wanted to create something which has a long lasting value and which we can be proud of. Why did they choose to be an Entrepreneur…?
  • 7. Why flipkart??????????? 1.An attractive neutral name 2.They were looking at names that did not just speak of books alone, but one that could suit any category of Products that we may add in future. 3.Also, they wanted to have a catchy name with high recall potential. Flipkart could in simple terms mean ‘Flipping things into your Kart’.
  • 8. Problems faced by sachin and binnary bansal  Back at the time when Flipkart was launched, any e- commerce company faced two major difficulties. One was the problem of online payment gateways. Not many people preferred online payment and the gateways were not easy to set up. Flipkart tackled this problem by introducing cash on delivery and payment by card on delivery in addition to others. Flipkart was the first to implement the popular ‘Cash On Delivery’ facility, which every online shopping website in India offers as an option today.
  • 9.  The second problem was the entire supply chain system. Delivering goods on time is one of the most important factor that determines the success of an ecommerce company. Flipkart addressed this issue by launching their own supply chain management system to deliver orders in a timely fashion.  Today as it stands, Sachin Bansal is the Chairman of the company and Binny Bansal is the CEO of Flipkart.
  • 10. Growth trajectory of Flipkart and Their accomplishments  This online megastore started its way in the year 2007 and within six months reached at the topmost position. It grew over ten times over the past years and has said to be have touched more than Rs 100 crore mark by March 2011. The success story of Flipkart goes on and on. They have been named as top 25 startups of 2009 and were nominated for the Ernst and Young award for the best entrepreneur 2010 and have won many awards for their commendable work they did and are doing.
  • 11.  It was a 10,000-a-month allowance from their parents for almost 18 months that helped Sachin Bansal and Binny Bansal launch an e-commerce website retailing books in October 2007. Today, the near-20% stake they hold, along with the top management, in Flipkart is valued at almost Rs 2,000 crore.  Sachin Bansal, the chief executive of Bangalore-based Flipkart, says he has a knack for underestimation. That is exactly what happened in March 2011 when he and Binny Bansal, who are not related to each other, announced they would reach the $1-billion (Rs 6,100-crore) sales mark in 2015. Last week, the site, which now sells everything from books to electronics, apparel and jewellery, reached the milestone, a full year ahead of the target.
  • 12. Qualities  A bold risk-taker  Creative  Knowledgeable and educated  Leadership quality  True towards work